Seldon Bought By Vegas Firm
Windsor — Seldon Technologies, the water filtration device maker that closed suddenly in September and laid off all 32 employees, has been acquired by Las Vegas-based water filtration company Carbon Block Technologies. Carbon Block, which makes carbon block filters and drinking water treatment systems, bought Seldon’s assets and patents in a sealed-bid auction on Dec. 3, and is looking to incorporate Seldon’s water filtration...
Seldon Technologies Headed to Auction
Windsor — In a move that likely signals a fire sale, the assets and patents of water filtration company Seldon Technologies are slated to be auctioned off next week, a deflating end for the startup that said it had achieved a technological breakthrough for making contaminated water fit to drink. Seldon’s majority shareholder, South Africa-based EcoNet Wireless, has hired Willisiton, Vt., auctioneer Thomas Hirchak Co. to solicit sealed...
Breakthrough to Bust: The Rise and Fall of Seldon Technologies
Windsor — If the public was taken by surprise by the Sept. 28 news that Seldon Technologies was shutting down, there was good reason: Just three months earlier, the Windsor water-filtration maker had announced a $20 million contract with a Mexican company to supply 500,000 filtration devices. If the 32 Seldon employees who were laid off that day — without severance — were taken by surprise, there was also good reason: The week before,...
China Project Backfires on Pressured Seldon Executives
Windsor — Throughout much of 2015, Seldon executives and employees had been warned by Econet that the financial clock was ticking and the company needed to win a big contract. And it was against this backdrop that Seldon’s two top executives took a gamble that ultimately backfired and undermined the board’s trust in its new management team. In March, Shawn Montgomery, Seldon’s general manager, and Paul Gallagher, head of the water and...
